Answer:
$443,400
Explanation:
The computation of cash flows from investing activities is shown below:-
For computing the cash flows from investing activities we need to find out first the Sale of equipment
= $84,000 - $34,000
= $50,000
Net cash paid by investing activities = Sale of equipment - Purchase of new truck + Sale of land + Sale of Long-term investments
= $50,000 - $109,000 + $410,000 + $94,200
= $443,400
The producer's role at an insurance agency is to generate the revenue necessary for the company to thrive and expand. Instead of the usual salesman who knocks on doors to promote their products, the producer frequently replies to inquiries from customers who need insurance.
<h3>What is the role of an insurance producer?</h3>
The producer's role at an insurance agency is to generate the revenue necessary for the company to thrive and expand. Instead of the usual salesman who knocks on doors to promote their products, the producer frequently replies to inquiries from customers who need insurance.
A producer of insurance is not allowed to represent an insurer unless they are appointed as that insurer's agent. Insurance commissioners' duties include preserving reasonable insurance product prices, ensuring the availability of insurance coverage, safeguarding the financial stability of insurance businesses, and stopping unfair business activities.
Professionals in the sector who sell insurance products are known as insurance producers. They are permitted to sell a variety of insurance products from an insurance company, including property, commercial, life, health, and other types. Producers have the option of specializing in one or more lines of insurance.
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Answer:
9.411 %
Explanation:
COst of preferred stock can be calculated by dividing the dividend by the market price per share
DATA
Dividend rate = 8%
Par value = $100
Dividend = 8% x $100 = $8
Market price = $85
Solution
Cost of Preferred stock = Dividend / Market price
Cost of Preferred stock= 8% ×$100/$85
Cost of Preferred stock= 9.411 %
Answer:
Explanation:
The journal entries are shown below:
1. Sales revenue A/c Dr $128,000
To Sales return and Allowances $128,000
(Being return sales is recorded)
The computation is shown below:
= Recorded sales × estimated returned percentage - experienced returns
= $10,600,000 × 8% - $720,000
= $848,000 - $720,000
= $128,000
2. Inventory A/c Dr $76,800 ($128,000 × 60%)
To Cost of goods sold $76,800
(Being returned cost of goods sold recorded)
Answer:
Frictional unemployment occurs when people decided to leave their jobs and look for another or people join the labor force for the first time.
Structural unemployment arises from a situation where there is a mismatch between the skills needed in an economy and the skills possessed by people. Happens a lot when employees need to adapt to new technology.
Cyclical unemployment happens as a result of the economy either growing or shrinking.
a. Andrew recently lost his job as an accountant for a large firm because he only knows how to perform the job using a general ledger (paper and pencil), and has been unwilling to learn how to use newly invented accounting software provided by the company. ⇒ <u>STRUCTURAL UNEMPLOYMENT. </u>
b. Sam recently lost his job as an accountant for a large firm because he only knows how to perform the job a using a general ledger and has been unwilling to learn how to use newly invented accounting software provided by the company. ⇒ <u>STRUCTURAL UNEMPLOYMENT.</u>
c. Teresa just graduated from college and is looking for a full time position with an investment banking firm. ⇒ <u>FRICTIONAL UNEMPLOYMENT. </u>
d. A recent recession has reduced the number visitors to a local theme park. The park has had to lay off many of its employee, including Beth. ⇒ <u>CYCLICAL UNEMPLOYMENT. </u>
